Barksdale Announces Ceo Transition

Rhea-AI Summary

Barksdale Resources Corp (TSXV: BRO) (OTCQX: BRKCF) has announced a leadership transition as Rick Trotman steps down from his position as President and CEO, effective February 5, 2025. William Wulftange, a current board member since 2020, has been appointed as interim CEO.

Wulftange brings significant experience as an exploration geologist, having contributed to the discovery and development of major mines including Paradise Peak Mine in Nevada, El Peñón mine in Chile, and Cerro Negro Mine in Argentina. He previously served as SVP of Global Exploration for Yamana Gold until his retirement in 2018.

In his new role, Wulftange will focus on completing the earn-in for the company's flagship Sunnyside Project. The Board will conduct a search for a permanent CEO in the coming months.

Positive

• Appointment of experienced mining executive William Wulftange as interim CEO, with proven track record in discovering world-class mines
• Clear focus on completing the strategic earn-in for the flagship Sunnyside Project

Negative

• Unexpected departure of CEO Rick Trotman indicates potential leadership instability
• Interim nature of new CEO appointment creates uncertainty in long-term leadership

Vancouver, British Columbia--(Newsfile Corp. - February 6, 2025) - Barksdale Resources Corp. (TSXV: BRO) (OTCQX: BRKCF) ("Barksdale" or the "Company") announces that Rick Trotman, effective February 5, 2025, has resigned from his position as President and Chief Executive Officer of the Company. William Wulftange, who currently serves as a member of the Company's board of directors ("Board"), has been appointed Chief Executive Officer of the Company and will assume, on an interim basis, all related duties. William has served the Company in his role as Director since 2020 and will focus on completing the earn-in for Barksdale's flagship asset, the Sunnyside Project, in the coming months.

Mr. Wulftange is a seasoned exploration geologist with a track record of success in discovering and developing world-class mines including the Paradise Peak Mine in Nevada, El Peñón mine in Chile, and the Cerro Negro Mine in Argentina. Serving as SVP of Global Exploration for Yamana Gold, his key responsibilities included reserve replacement and resource growth at all operating and exploration assets until his retirement in 2018. During his 40-year career, he evaluated numerous acquisition opportunities in North and South America, making several successful recommendations. William served as President of the Society of Economic Geologists Foundation and continues to volunteer his time to the SEGF.

Darren Blasutti, Chairman of the Board, commented, "We extend our sincere gratitude to Rick for his years leading the Company's management team and focus on advancing the Sunnyside Project. The Board looks forward to supporting William in his dual capacity moving forward while a search is undertaken for a suitable candidate to fill the CEO role in the upcoming months."

In his new dual role, William stated, "I am fully prepared to take on the responsibility of interim CEO and lead the Company through our earn-in phase. This pivotal stage is essential for securing value for our investors and positioning Barksdale for sustained growth in the future."

ON BEHALF OF BARKSDALE RESOURCES CORP.

William Wulftange
Interim CEO and Director

Terri Anne Welyki
Vice President of Communications
778-238-2333
TerriAnne@barksdaleresources.com

For more information please phone 778-558-7145, email info@barksdaleresources.com or visit www.BarksdaleResources.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS: This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or" should" occur or be achieved. All statements, other than statements of historical fact, included herein, without limitation, statements relating to completing the earn-in on the Sunnyside Project are forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Barksdale, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability of the Company to complete the earn-in. All forward-looking statements contained in this news release are qualified by these cautionary statements and those in the Company's continuous disclosure filings available on SEDAR+ at www.sedarplus.ca. Readers should not place undue reliance on the forward-looking statements contained in this news release concerning these items. Barksdale does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/239881

FAQ

When did Rick Trotman resign as CEO of Barksdale Resources (BRKCF)?

Rick Trotman resigned from his position as President and CEO of Barksdale Resources effective February 5, 2025.

Who is the new interim CEO of Barksdale Resources (BRKCF)?

William Wulftange, who has served as a board member since 2020, has been appointed as the interim CEO of Barksdale Resources.

What is the main focus of Barksdale Resources (BRKCF) under the new interim CEO?

Under the new interim CEO, the main focus is completing the earn-in for the company's flagship Sunnyside Project in the coming months.

What is William Wulftange's background in the mining industry?

William Wulftange is an exploration geologist who previously served as SVP of Global Exploration for Yamana Gold until 2018, and has been involved in discovering major mines including Paradise Peak Mine, El Peñón mine, and Cerro Negro Mine.